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518 Province Rd 3,552 SF 100% Leased Retail Building Gilmanton, NH 03237 $475,000 ($133.73/SF)
Executive Summary
Priced more than $20,000 below the assessed value, this turnkey commercial/multifamily property presents an outstanding investment opportunity with immediate income potential. With established leases already in place, you'll benefit from cash flow from day one while building long-term equity.
Ideally located in the heart of Gilmanton, directly across from the town offices and local businesses, 518 Province Road offers outstanding visibility, convenience, and strong rental appeal. The property features three separately metered units, creating multiple income streams and added flexibility.
The commercial unit is home to a charming country store and features beautiful wood floors, an oversized walk-in refrigerator, and a newly renovated bathroom. The second unit is a spacious two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a beautifully landscaped backyard retreat. This unit is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ¾ bath and a private deck and is currently owner-occupied. Both residential units include their own private laundry.
Extensive updates have already been completed, including a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, pressure tank, and hot water heater, along with a newer water filtration system installed in 2024, providing peace of mind and reducing future maintenance costs.
Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this well-maintained mixed-use property offers strong cash flow, significant recent capital improvements, and excellent long-term investment potential.
Proof of funds or lender pre-approval is required prior to scheduling a showing. Call or text Mary Duquette at 603.848.8481.
Ideally located in the heart of Gilmanton, directly across from the town offices and local businesses, 518 Province Road offers outstanding visibility, convenience, and strong rental appeal. The property features three separately metered units, creating multiple income streams and added flexibility.
The commercial unit is home to a charming country store and features beautiful wood floors, an oversized walk-in refrigerator, and a newly renovated bathroom. The second unit is a spacious two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a beautifully landscaped backyard retreat. This unit is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ¾ bath and a private deck and is currently owner-occupied. Both residential units include their own private laundry.
Extensive updates have already been completed, including a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, pressure tank, and hot water heater, along with a newer water filtration system installed in 2024, providing peace of mind and reducing future maintenance costs.
Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this well-maintained mixed-use property offers strong cash flow, significant recent capital improvements, and excellent long-term investment potential.
Proof of funds or lender pre-approval is required prior to scheduling a showing. Call or text Mary Duquette at 603.848.8481.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,552 SF
Building Class
C
Year Built
1930
Price
$475,000
Price Per SF
$133.73
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Lot Size
0.44 AC
Zoning
VIL V
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | GILM-000127-000000-037000 | Improvements Assessment | $310,600 |
| Land Assessment | $168,300 | Total Assessment | $478,900 |
Property Taxes
Parcel Number
GILM-000127-000000-037000
Land Assessment
$168,300
Improvements Assessment
$310,600
Total Assessment
$478,900
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518 Province Rd